Lodgment Penalty Amnesty Program

Lodgment Penalty Amnesty Program

The ATO’s Small Business Lodgment Penalty Amnesty Program

A lodgment penalty amnesty program is being provided for small business with an aggregated turnover of less than $10 million to get their tax obligations up to date.


Obligations to which the amnesty applies

The amnesty applies for outstanding tax statements due during the period between 1 December 2019 and 28 February 2022.


The amnesty period
It runs from 1 June 2023 to 31 December 2023. The overdue obligation must be lodged within that amnesty period to be eligible.


Amnesty benefits
Eligible small business taxpayers that lodge eligible overdue forms within the amnesty period will have any associated failure to lodge (FTL) penalties remitted.

Remission will happen automatically. Taxpayers will not need to separately request a remission.

The amnesty does not apply to any interest charges which may apply to overdue payments or to other administrative penalties such as penalties associated with the Taxpayer Payments Reporting System.



Need assistance in this Amnetsy Program Payment? Contact us now.


Yan (Jenny) Qi CA

Founder of Progress CA Pty Ltd

Contact no. 0403 050 779

Email: info@progressca.com.au

Website: www.progressca.com.au


Are you looking for an advisor that will keep you up to date and provide guidance and tips like in this blog? Then why not contact me at our Falconbridge office or Luera office in Blue Mountains office to arrange a one-on-one consultation? Just Book Free consultation up on the right to find the appointment options.

Yan Qi CA





Mobile: 0403 050 779

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